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UOB to sell asset management arm for $555 million to Allianz Global Investors

Allianz Global Investors to acquire UOB’s asset management business across eight Asian markets, including Singapore.

HSBC first-half profit jumps 23% on higher rates and wealth growth, sets $1.3 billion share buyback

An HSBC Holdings Plc bank branch in Hong Kong, China, on Friday, July 24, 2026. HSBC is scheduled to announce its Interim Results 2026 on Aug. 4. Photographer: Paul Yeung/Bloomberg

Maybank to buy Ageas stake in Etiqa for $1.5 billion, becoming full owner

The acquisition is subject to approvals from Bank Negara Malaysia.

JPMorgan expects industry to manage AI spend with more ‘discipline’ as it eyes more S’pore tech talent

The bank is hiring engineers and data architects to build out its proprietary AI capabilities.

DBS seen to benefit from China’s tighter grip on wealth flows: Research firm

China’s sweeping measures to stem capital flight leaves Singapore banks, especially DBS, best-positioned to benefit, according to a report from Autonomous Research.

$3.5b 1MDB-linked lawsuit against StanChart to proceed to Singapore trial after bank loses appeal

The ruling, handed down on June 30, upholds a November 2025 decision by the High Court that rejected the bank’s application to strike out the action.

DBS completes $1.3 billion significant risk transfer deal, in first for Singapore bank

For DBS, the transaction frees up capital that can be redeployed towards new lending and growth opportunities.

JPMorgan sets a new succession plan but Dimon plans to stay on

Jamie Dimon said in 2024 he envisioned an exit in less than five years

OCBC boosts hiring for Indonesia wealth business as assets rise

OCBC’s plans for the wealth business underscore the bank’s ambitions for Indonesia following the move to buy HSBC’s retail and wealth assets in May.

Branded Content

Michelin-star dining, invitation-only events, luxury travel: How affluent clients are unlocking more than wealth management

The A Seat, Beyond event on May 26 brought together affluent clients for an evening of
entrepreneurial insights, networking and curated experiences, with entrepreneur and podcast host
Steven Bartlett as guest speaker.

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